x

We’ve Saved Over N1trn After Subsidy Removal – Tinubu

President Bola Tinubu on Monday said the Federal Government of Nigeria has saved N1tn in the two months since the removal of the petrol subsidy.

Tinubu said these monies that would have been otherwise squandered by those he called “smugglers and fraudsters” will now be channeled into intervention programmes targeting families nationwide

“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters,” Tinubu said in his nationwide broadcast on current economic challenges in the country.

While acknowledging the hardship occasioned by an unavoidable lag in palliative measures these past 62 days, he urged Nigerians to “look beyond the present temporary pains and aim at the larger picture.”

“I plead with you to please have faith in our ability to deliver and in our concern for your well-being.

“All of our good and helpful plans are in the works. More importantly, I know that they will work,” he affirmed.

He said the funds so far saved from subsidy removal “will now be used more directly and more beneficially for you and your families.”

President Tinubu also promised to get the nation out of this economic turbulence through the measures his administration has taken so far.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

ICIEC’s Crucial Role in Infrastructure Development

By Oladosu Adebola OluwaseunIn the complex tapestry of...

Nigeria-China Partnership: Tegbe Briefs Tinubu on Key Milestones

Joseph Tegbe, Director-General and Global Liaison of the Nigeria-China...

Troops Kill Scores Of Terrorists, Lose 2 Soldiers In Fresh Attack On Borno Military Base

Troops of Operation Hadin Kai (OPHK) successfully thwarted a...

Children’s Day: 12-Year-Old Chiderije Mbah Becomes Wema Bank MD/CEO for a Day

In celebration of Children’s Day 2025, Wema Bank appointed...

EFCC Arraigns Bankers, Others Over Alleged N8.5 Billion Fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned...

June 12: How Abacha Planned to Kill Me, Abiola, Yar’Adua – Obasanjo Reveals

Former President Olusegun Obasanjo has revealed chilling details about...

Gov Ododo Woos Foreign Investors to Kogi

By Noah Ocheni, LokojaThe Kogi State Governor, Alhaji Ahmed...
spot_img

Related Articles

Popular Categories

spot_imgspot_img